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for competition in the consolidated banking sector. The financial crisis of 2008 brought with it the need to proceed with …
Persistent link: https://www.econbiz.de/10012819392
derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …
Persistent link: https://www.econbiz.de/10010311986
Two-sided network effects in card payment systems are analysed under different market structures, e.g., competition … support is found for the policy adopted by the EU Commission in the competition law case concerning Visa's interchange fees. …
Persistent link: https://www.econbiz.de/10010321347
; merchant adoption ; network competition …
Persistent link: https://www.econbiz.de/10003900593
This paper investigates if relationship lending and bank market concentration permit informational rent extraction through collateral. We use equity IPOs as informational shocks that erode rent seeking opportunities. Using unique loan data from China, we find collateral incidence increases with...
Persistent link: https://www.econbiz.de/10013000595
This paper examines the effects of market deregulation on consumers and state commercial banks in China, a large developing country. I jointly estimate a system of differentiated product demand and pricing equations under alternative market structures. While China's banking reforms overall have...
Persistent link: https://www.econbiz.de/10013155387
This paper investigates if informational monopolies resulting from relationship lending and bank market concentration allow for rent extraction through collateral. Our identification strategy hinges on the notion that informational equalization shocks (such as equity IPOs) erode rent seeking...
Persistent link: https://www.econbiz.de/10013013628
The use of collateral is one of the defining characteristics of loan contracts. This paper investigates if relationship lending and market concentration allow for informational rent extraction through collateral. We use equity IPO data as informational shocks that erode rent-seeking...
Persistent link: https://www.econbiz.de/10012985457
The use of collateral is one of the defining characteristics of loan contracts. This paper investigates if relationship lending and market concentration permit the extraction of informational rents through collateral. We apply equity IPOs as informational shocks that erode rent seeking...
Persistent link: https://www.econbiz.de/10012933817
derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …
Persistent link: https://www.econbiz.de/10010986452